YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 12-Month Low – Here’s Why

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.59 and last traded at $28.3470, with a volume of 65323 shares changing hands. The stock had previously closed at $29.22.

YieldMax MSTR Option Income Strategy ETF Trading Up 3.9%

The stock has a fifty day simple moving average of $32.03 and a two-hundred day simple moving average of $60.08.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a $0.3741 dividend. This represents a yield of 7,402.0%. The ex-dividend date was Thursday, January 29th.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Several large investors have recently modified their holdings of MSTY. FNY Investment Advisers LLC increased its stake in shares of YieldMax MSTR Option Income Strategy ETF by 355.6% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock valued at $181,000 after acquiring an additional 6,400 shares in the last quarter. Maripau Wealth Management LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF in the second quarter valued at $1,017,000. Jump Financial LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter valued at about $9,424,000. Captrust Financial Advisors bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the 2nd quarter worth about $341,000. Finally, Fiduciary Alliance LLC grew its stake in shares of YieldMax MSTR Option Income Strategy ETF by 35.4% in the 3rd quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock valued at $1,433,000 after buying an additional 26,855 shares during the period.

About YieldMax MSTR Option Income Strategy ETF

The YieldMax MSTR Option Income Strategy ETF (MSTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the MicroStrategy stock (MSTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.